Pressure Technologies PLC Result of AGM (8625W)

TIDMPRES

RNS Number : 8625W

Pressure Technologies PLC

14 February 2017

14 February 2017

Pressure Technologies plc

("Pressure Technologies" or the "Company")

Result of AGM

At the Annual General Meeting of Pressure Technologies (AIM: PRES), held today at 11.00 hours, all the resolutions proposed were duly passed. Details of the proxy voting are given below.

The presentation given by Alan Wilson, Chairman of Pressure Technologies, at the AGM is available on the Company's website: www.pressuretechnologies.com

Result of proxy votes

 
 Resolution                              Votes      Votes       Votes 
                                          For       Against    Withheld 
------------------------------------  ----------  ---------  ---------- 
 1. To approve the annual 
  report and accounts                  4,513,318   1,000      0 
------------------------------------  ----------  ---------  ---------- 
 2. To approve the annual 
  report on Directors' remuneration    4,386,976   24,217     103,125 
------------------------------------  ----------  ---------  ---------- 
 3. To re-elect Alan Wilson 
  as a Director                        4,512,276   1,000      1,042 
------------------------------------  ----------  ---------  ---------- 
 4. To re-elect John Hayward 
  as a Director                        4,512,276   0          2,042 
------------------------------------  ----------  ---------  ---------- 
 5. To re-elect Neil MacDonald 
  as Director                          4,512,276   0          2,042 
------------------------------------  ----------  ---------  ---------- 
 6. To reappoint the auditors 
  and fix their remuneration           4,512,276   0          1,042 
------------------------------------  ----------  ---------  ---------- 
 7. To authorise allotment 
  shares                               4,498,066   9,985      6,267 
------------------------------------  ----------  ---------  ---------- 
 8. To authorise the Company 
  to purchase own shares               4,474,018   40,300     0 
------------------------------------  ----------  ---------  ---------- 
 9. To disapply pre-emption 
  provisions                           3,905,501   507,775    101,042 
------------------------------------  ----------  ---------  ---------- 
 

Notes

1. Any proxy appointments, which gave discretion to the Chairman have been included in the 'for' votes total.

2. At the date of the notice of the AGM the total number of shares in issue was 14,471,295

For further information, please contact:

 
  Pressure Technologies plc              Tel: [phone] 
   Alex Tristram, Company Secretary       www.pressuretechnologies.com 
   Keeley Clarke, Investor Relations 
  Tavistock                              Tel: [phone] 
   Simon Hudson 
  Cantor Fitzgerald Europe (Nominated    Tel: [phone] 
   Adviser and Broker) 
   Philip Davies / Will Goode 
 

Company description - www.pressuretechnologies.com

With its head office in Sheffield, Pressure Technologies was founded on its leading market position as a designer and manufacturer of high-pressure systems serving the global energy, defence and industrial gases markets. Today it continues to serve those markets from a broader engineering base with specialist precision engineering businesses and has a worldwide presence in Alternative Energy as a global leader in biogas upgrading. On this foundation, the company is building a highly profitable group of companies through a combination of organic initiatives and acquisitions.

Pressure Technologies has four divisions, Precision Machined Components, Engineered Products, Cylinders and Alternative Energy, serving four markets: oil and gas, defence, industrial gases and alternative energy.

Precision Machined Components

   --      Al-Met, Mid Glamorgan, acquired in 2010 www.almet.co.uk 
   --      Roota Engineering, Rotherham, acquired in March 2014 www.roota.co.uk 
   --      Quadscot, Glasgow, acquired in October 2014 www.quadscot.co.uk 
   --      Martract Limited, Barton-on-Humber, acquired in December 2016 www.martract.co.uk 

Engineered Products

   --      Hydratron, Manchester, acquired in 2010 www.hydratron.com 

Cylinders

-- Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 www.chesterfieldcylinders.com

   --      Kelley GTM Manufacturing, Amarillo, USA - 40% stake acquired by the Group in December 2013 www.kelleygtm.com 

Alternative Energy

-- Greenlane Biogas, Sheffield, UK; Vancouver, Canada and; Auckland, New Zealand acquired in October 2014 www.greenlanebiogas.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

RAGSFLFDLFWSESE

(END) Dow Jones Newswires

February 14, 2017 08:08 ET (13:08 GMT)